Estate Planning Archives

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Thursday, September 12, 2019.

Putting together an estate plan is a unique process for everyone. Although legal professionals will caution against the use of do-it-yourself (DIY) estate planning tools, nothing sends the message home better than real life examples of the errors that can occur when using these fill-in-the-blank documents.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Tuesday, August 27, 2019.

How we handle our money is changing. Forbes recently reported a “resurgence in value” of Bitcoin in 2019. Bitcoin is just one form of digital currency. The piece also reports cryptocurrencies as a whole are valued at over $335 billion as of June 2019.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Thursday, July 11, 2019.

Your will protects your personal wishes and your family's legacy. That will you made five or 10 years ago needs some changes. Like a house, your will needs minor updates and changes as time progresses. At home, the paint on your wall may have started to chip or the large family picture on your mantle may need replacing. Similarly, it is important to update your will when you have family or circumstantial changes.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Wednesday, July 3, 2019.

The dogs, cats and other animals we share our homes with become more than just pets. For many, these furry, feathered or even scaled companions become family members. As such, an increasing number of pet owners are taking steps to better ensure their pets receive a similar level of care throughout the pet’s life.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Thursday, June 27, 2019.

The Tax Cuts and Jobs Act (TCJA) increased the estate-tax exclusion rate. The rates increased from approximately $5.5 million to $11.4 million per person to or $22.8 million for a married couple. As a result, it is wise to consider putting certain estate planning tools into effect now to take advantage of these rates.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Tuesday, June 25, 2019.

The family cabin up north, right on the lake and away from the hustle and bustle of the city, is a source of treasured memories for parents and children. It's natural to want to pass that gift on to ensure future generations can enjoy it in the same way.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Thursday, June 13, 2019.

Don't have an estate plan? You are not alone. A 2017 study done by Caring.com found that only 42% of Americans have an estate plan. Unfortunately, the consequences of not having an estate plan can wreak havoc on your loved ones. Why? Because the state of Connecticut is responsible for distributing your assets and naming guardians for any minor children if you die without a will.

On behalf of Connors & Sullivan, Attorneys at Law, PLLC posted in Estate Planning on Thursday, June 13, 2019.

Baby Boomers and those who came before, referred to as Traditionalists or the Silent Generation, have different estate planning needs compared to Millennials and Gen Xers. Gen Xers and Millennials are often concerned with planning for the care of their children while Baby Boomers and Traditionalists need to account for a lifetime’s worth of accumulated assets.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.